Tudor Financial Inc. Has $1.44 Million Stock Position in Comcast Corporation $CMCSA

Tudor Financial Inc. boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5,904.1% in the second quarter, HoldingsChannel reports. The firm owned 58,600 shares of the cable giant’s stock after purchasing an additional 57,624 shares during the period. Tudor Financial Inc.’s holdings in Comcast were worth $1,439,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CMCSA. Imprint Wealth LLC bought a new stake in shares of Comcast in the 3rd quarter valued at $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the fourth quarter worth $27,000. Whipplewood Advisors LLC grew its holdings in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after purchasing an additional 401 shares during the period. Main Street Group LTD acquired a new stake in Comcast in the first quarter worth $27,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Comcast in the first quarter valued at $30,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Shares of CMCSA opened at $26.65 on Friday. The firm has a market capitalization of $94.57 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.91 and a beta of 0.68. Comcast Corporation has a 52 week low of $21.28 and a 52 week high of $34.45. The stock has a 50 day moving average price of $24.79 and a two-hundred day moving average price of $26.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company had revenue of $29.94 billion for the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Comcast’s quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts forecast that Comcast Corporation will post 3.52 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. Comcast’s dividend payout ratio is presently 42.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and dropped their price objective for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Citigroup decreased their target price on Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Morgan Stanley set a $29.00 price target on Comcast in a report on Friday, July 24th. The Goldman Sachs Group decreased their price objective on Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Finally, UBS Group reiterated a “neutral” rating on shares of Comcast in a report on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.96.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.